NOT LISTED FOR SALE

902 S Martin Luther King jr Ave Waukegan, IL 60085

Estimated Value: $194,000 - $208,000

7 Beds
2 Baths
-- Sq Ft
5,227 Sq Ft Lot

Last Sold October 09, 2018

Last sale price $128,000

Est. 57% increase in value since last sale

Current estimated payment $1,544/month

24 Days on Market

About This Home

As of October 2018

Over 2,400 Sq Ft 2 Unit Located on a Corner Lot Featuring 4 Bedrooms, Living Rm, Dining Rm, 1 Bath on the 1st floor & 3 Bedrooms Living Rm, Dining Rm, and 1 Bath on the 2nd Floor. Newer heating systems, Two 100 Amp Updated Electric, Updated Copper Water Supply Lines, Updated PVC Waste. Both Electric and Gas are separate. Great investment property Long term tenants are on Month to Month Agreement so an Owner Occupant can possibly move in with a 30 day notice. Live in One Unit and Rent the other. Rent potential is much higher than the current rent. Motivated Seller ready to pass on to A New Owner.

Last Agent to Sell the Property

Willie Simpson

RE/MAX Plaza License #475132200 Listed on: 08/31/2018

RE/MAX Plaza

Last Buyer's Agent

Elizabeth Lita

Vylla Home License #475105082

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,003

Year Built

  • Built in 1925

Lot Details

  • 5,227 Sq Ft Lot
  • Lot Dimensions are 40 x 133

Home Design

  • Frame Construction
  • Asphalt Roof

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 7 Potential Bedrooms
  • 2 Bathrooms

Unfinished Basement

  • Basement Fills Entire Space Under The House

Parking

  • 4 Parking Spaces
  • Uncovered Parking

Utilities

  • Forced Air Heating System
  • Lake Michigan Water

Community Details

  • 2 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,003

Year Built

Built in 1925

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1925
  • Age: 91-100 Years
  • Built Before 1978 (Y/N): Yes
  • General Information: School Bus Service
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Total Bathrooms: 2
  • Total Bedrooms: 7
  • Basement Description: Unfinished
  • Below Grade Bedrooms: 0
  • Full Bathrooms in Building: 2
  • Half Bathrooms in Building: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • MRD_AppliancesAndFeatures: Stove,Refrigerator

Exterior Features

  • List Price: 134975
  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Frame

Garage/Parking

  • ParkingTotal: 4
  • Parking: Space/s
  • Parking On-Site: Yes
  • Parking Ownership: N/A

Utilities

  • Sewer: Public Sewer
  • Heating: Forced Air
  • Water Source: Lake Michigan

Schools

  • Middle/Junior School District: 60

Lot Info

  • Lot Size Acres: 0.12
  • Lot Dimensions: 40 X 133
  • Zoning: MULTI
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 10

Tax Info

  • Tax Annual Amount: 4002.87
  • Tax Year: 2017

Multi Family

  • Units in Building: 2
  • Three Bedroom Number of Units: Yes
  • Type-Multi: 2 Flat

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 31, 2018
Closed on
Oct 9, 2018
Sold by
Roa Emigdio
Bought by
Tylka Annette
Seller's Agent
Willie Simpson
RE/MAX Plaza
Buyer's Agent
Elizabeth Lita
Vylla Home
List Price
$134,975
Sold Price
$128,000
Premium/Discount to List
-$6,975
-5.17%
Total Days on Market
24
Current Estimated Value
$200,986

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$72,986
Avg. Annual Appreciation
7.02%

Purchase Details

Closed on
Dec 6, 2005
Sold by
La Salle Bank Na
Bought by
Roa Emigdio

Purchase Details

Closed on
Oct 17, 2005
Sold by
Smith
Bought by
Lasalle Bank Na and Structured Asset Investment Loan Trust S

Purchase Details

Closed on
Feb 4, 2004
Sold by
Mcnair Andria
Bought by
Smith Kenneth

Purchase Details

Closed on
Apr 28, 2003
Sold by
Tcf National Bank
Bought by
Mcnair Adria

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$112,646
Interest Rate
10.87%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 17, 2002
Sold by
Hutson Daniel K and Hutson Alice T
Bought by
Tcf National Bank

Purchase Details

Closed on
May 12, 1998
Sold by
Hutson Donald C
Bought by
Hutson Daniel K and Hutson Alice T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$94,500
Interest Rate
8.25%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 7, 1995
Sold by
Cole Taylor Bank
Bought by
Hutson Daniel K and Hutson Alice T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$65,000
Interest Rate
9.75%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 31, 1994
Sold by
Albanese Patrick
Bought by
Glenview State Bank
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Tylka Annette $128,000 Fidelity National Title
Roa Emigdio $79,000 Ticor
Lasalle Bank Na -- --
Smith Kenneth -- --
Mcnair Adria $119,000 Stewart Title Company
Tcf National Bank -- Stewart Title Company
Hutson Daniel K -- Ticor Title
Hutson Daniel K $82,000 Chicago Title Insurance Co
Glenview State Bank -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Roa Emigdio $24,500
Previous Owner Roa Emigdio $15,000
Previous Owner Mcnair Adria $112,646
Previous Owner Hutson Daniel K $124,804
Previous Owner Hutson Daniel K $10,000
Previous Owner Hutson Daniel K $124,804
Previous Owner Hutson Daniel K $94,500
Previous Owner Hutson Daniel K $65,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/09/2018 10/09/18 Sold $128,000 -5.2% --
09/24/2018 09/24/18 Pending -- -- --
08/31/2018 08/31/18 For Sale $134,975 -- --
Source: Midwest Real Estate Data (MRED)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $5,731 $67,438 $6,932 $60,506
2023 $4,788 $60,774 $6,206 $54,568
2022 $4,788 $48,977 $4,830 $44,147
2021 $5,091 $48,834 $4,212 $44,622
2020 $5,157 $45,495 $3,924 $41,571
2019 $5,549 $44,568 $3,596 $40,972
2018 $4,112 $31,807 $2,939 $28,868
2017 $4,003 $28,140 $2,600 $25,540
2016 $4,786 $30,971 $3,228 $27,743
2015 $2,916 $17,264 $2,889 $14,375
2014 $4,527 $26,758 $2,655 $24,103
2012 $5,611 $28,990 $2,877 $26,113
Source: Public Records

Agents Affiliated with this Home

  • Willie Simpson

    Seller's Agent in 2018

    Willie Simpson

    RE/MAX Plaza

    177 Total Sales

    Willie Simpson
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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 10068924

Midwest Real Estate Data (MRED)

APN: 08-28-419-010

Illinois Lake County Waukegan 60085

902 S Martin Luther King jr Ave, Waukegan, IL

This home is located at 902 S Martin Luther King jr Ave, Waukegan, IL 60085 since 31 August 2018 and is currently estimated at $200,986. This property was built in 1925. 902 S Martin Luther King jr Ave is a home located in Lake County with nearby schools including Carman-Buckner Elementary School, John R Lewis Middle School, and Waukegan High School.

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